15 Best Solar Companies in Mercer, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Mercer

The cost of putting up solar panels has decreased greatly in the past few years, but it's still a large investment for most homeowners. The overall price and potential savings vary depending on a few key factors such as:

• Your income and budget: This affects what model of solar panels you can afford.
• The amount of sunlight your roof gets: This, plus how your roof is set up, affects affect how much electricity your solar panels can generate.
• Incentives: Those who install a solar energy system this year can save 30% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $12,000 on your electricity bills over 20 years not including incentives.
• average energy usage: The more power your home uses on average and the larger your current power bills are, the more likely you'll benefit from going solar.

There are many good benefits of solar even with the initial cost of installation. It can help the Earth and your bank account. In addition, it can boost the value of your home, giving you even more benefits if you choose to sell your home later.

Solar Incentives in Mercer

Because solar power is more sustainable than burning fossil fuels, there are some government incentives available to encourage its adoption. When you install solar panels on your home, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Plus, there may often be some regional incentives that you can use to further save. Take a look at our article on solar incentives to find out what incentives are available to you.

Environmental Impact of Switching to Solar in Mercer

There are a few primary reasons why people are interested in solar energy: for the good of their bank accounts and the planet. But how much can installing solar panels actually affect the environment? As stated by the EPA, electricity generation is the second biggest source of greenhouse gas emissions and about 62% of our electricity comes from burning fossil fuels. Installing solar panels and switching to renewable energy can help reduce that number in a city like Mercer that accounts for a large amount of carbon dioxide emissions each year. Once you go solar, your carbon emissions can be cut by about 100 pounds each year. The good things about solar power are abundant — just like solar power is! That's why so many homeowners have been happy with making the switch to solar.